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Mar 21, 2013
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the island, the government backed away from the planned, asking all bank depositors to pay a one-off tax. now have to come up with the money some other way. gavin hewitt has the latest. >> there is anger and anxiety in cyprus. this was a crowd of bank workers blocking access, and arriving mps had to be lifted over police barricades. protesters fear their bank will collapse. were shaken. why did they shout at you? >> because they're losing money. linesing the day, long had formed at the cash machines as the government's scramble to raise billions of euros to avoid bankruptcy. the lines mainly focused on one bank, rumored to be in difficulty. >> there is a rumor that if somebody does not buy it, it will close. >> at 1 cash machine, they posted the time when there would be funds. people phone friends to tell the one security bands were making cash deliveries -- when the security fans were making cash deliveries. with the bank still closed, some of the petrol stations were insisting on cash payments only. >> i am taking cash only because my company, have to pay them cash. suppliers later, a
the island, the government backed away from the planned, asking all bank depositors to pay a one-off tax. now have to come up with the money some other way. gavin hewitt has the latest. >> there is anger and anxiety in cyprus. this was a crowd of bank workers blocking access, and arriving mps had to be lifted over police barricades. protesters fear their bank will collapse. were shaken. why did they shout at you? >> because they're losing money. linesing the day, long had formed at...
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Mar 19, 2013
03/13
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FBC
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many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates falling. the ten year treasury just under 2%. federal reserve policymakers beginning their 2-day meeting. my next guest said the fed will has been substantial, don't expect changes anytime soon. that should be music to the ears of most investors. joining us, former federal reserve vice chair princeton economist alan blinder and the author of the book after the music stops. great to have you with us. >> nice to be here. lou: let's start with cypress. this little place, million folks. they're creating quite a mess. $400 billion lost of global markets yesterday. we should blame -- >> multiple of the gdp. i
many investors still concerned about the eu bailout and the cyprus rejection of the eu mandated tax on the small depositors. news that the housing sector is stronger than expected helping to overcome some of the markets and today. the dow up about four points. the s&p fell to the same number, the nasdaq down almost nine. big board volume today picking up. gold moving higher, up 670, closing at 161130. crude oil dropping a dollar 58 to 9216 per barrel. the bond market and interest rates...
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Mar 19, 2013
03/13
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this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single currency -- a radical recalculation to try to stabilize the entire single currency. >> thank you. if you thought the euro crisis was over, it may be time to think again. let's go to syria where there is a confused picture over a potentially dangerous development tonight. the syrian government and rebels are accusing each other of launching a deadly chemical attack near the northern city of aleppo. state news claims that 25 people were killed by a rocket containing poisonous gases. the rebels denied the allegation. they are blaming the assad regime. russia supports the government's claim. the un
this has long been a tax haven, a country whose banking sector is eight times the size of the economy. cyprus new what was happening in did not take action. now it is a country that is in severe crisis, and it could really set off a chain reaction across the eurozone. that said, it would be unlikely that the eurozone would let them drop out or a bailout that pales in comparison to the rest, but there will have to be a radical the calculus -- the calculation to try to stabilize the entire single...
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very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that he was satisfied with the negotiations but no official offer has been made so far although he himself said he's not leaving moscow until an agreement is reached all of this is happening. while anger and anger a miracle being furious over cyprus talking to moscow about this all together since earlier she strongly advised the country not to even discuss the issue with anybody else but brussels or the troika and actually we know that the president personally told what he will put in about his country's problems decision to reject the european union's proposal and we also already know that cyprus alre
very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site that finance minister has been in the russian capital the entire day he's met with his russian counterpart and with the first deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that...
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Mar 20, 2013
03/13
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." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means government cash for pensions, welfare, and health care could dry up as early as may. parliament voted less than an hour ago, following to be would days of high drama, handing the government and brussels a resounding defeat with no delegates voting in favor of the plan. 36 no votes and 19 abstentions. >> the house speaker had urged mp's to say no to blackmail in the vote on the bureau's own bailout package. his words clearly catching the angry mood in the chambers and on the streets. outside the parliament building, angry crowds also called for a no vote and held up signs, warning that other nations like italy and spain could be next
." >> lawmakers in cyprus overwhelmingly reject a tax on savings. >> in syria, the government and rebels trade accusations of using chemical weapons in a village near aleppo. >> pope francis officially begins his papacy in rome with a promise to embrace the whole of humanity. >> in a vote expected to have wide ranging consequences, lawmakers in cyprus have delivered a decisive and overwhelming note to a government tax to lead the bank accounts. >> that means...
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Mar 19, 2013
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajin oing tankings thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to bl a frog, if you put him in boiling water he will jump o and complaint, this is what is happeni
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights officials sound the alarm over the treatment of prisoners at guantanamo bay is u.s. military officials trying to downplay a mass hunger strike at the detention center. good evening you've just joined us kevin live at the hour to new center tonight our top story the scenes of relief and indeed celebration greeted the cypriot parliament's rejection of attacks on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings are being condemned by officials in the public alike but the country now finds itself of course on the br
from the edge of bankruptcy after nicosia rejects a european bailout offer sparked by an unprecedented tax on savers got the latest this hour. as russia's premier likens europe's handling of the bailout for bullet a china shop warning brussels antics could spark a new crisis. and other big stories of the day barack obama arrives in israel for the first time as u.s. president but they struggle to close the growing gap between the country's middle east policy. and russian and u.n. human rights...
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russia slams the proposal is unfair and dangerous with some experts saying if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there's no mass hunger strike. or more than one hundred detainees are reportedly starving themselves in protest at mistreatment. no war or peace we ask what washington and its allies have left behind in iraq as more deadly bombing strikes the nation at the ten year anniversary of the u.s. led invasion. you're watching live from moscow it is seven pm here in the russian capital the parliament in cyprus has delayed until tuesday a decision on whether to allow an e.u. bailout which will cost its citizens millions of. every bank customer customer out will have that cash taxed if it goes through the plan that caused panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent tess alasania reports on the implications. the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the cou
russia slams the proposal is unfair and dangerous with some experts saying if the tax is brought in may have to rethink its help for ailing europe. plus state of denial the u.s. military maintains there's no mass hunger strike. or more than one hundred detainees are reportedly starving themselves in protest at mistreatment. no war or peace we ask what washington and its allies have left behind in iraq as more deadly bombing strikes the nation at the ten year anniversary of the u.s. led...
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right now so this is just rejected the bailout plan by brussels and the troika off key investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance in the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the negotiations but at the same time added that no official offer has been made so far although the minister is now planning to meet with russia's first deputy prime minister and said that he's not leaving moscow on till an agreement is reached there is speculation that cyprus is going to ask russia for a loan but we do know that the currency already holds in moscow two and a half billion year old this is for another loan which was given to the currency back in two thousand and eleven back then it exceeded ten percent of its g.d.p. and that helped its economy stay afloat so the big question now is is cyprus going for broke is it going to ask russia for a complete bailout package but the big picture is angle or merkel is completely furious with cyprus even
right now so this is just rejected the bailout plan by brussels and the troika off key investors to tax private bank accounts in cyprus and frankly there aren't that many places to turn to right now for assistance in the cypriot finance minister is in moscow he's met with his russian counterpart and he's said that he's satisfied with the negotiations but at the same time added that no official offer has been made so far although the minister is now planning to meet with russia's first deputy...
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bank deposit tax be imposed now this could amount to up to nine point nine percent of those who have more than one hundred thousand euros in the bank good for many people there it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this essentially unfair unjust and simply robbery their their savings being taken away from the president of the country however have has been painting this acceptance of the bailout as crucial for the country says that if. this requirement is not passed then the country will might be forced to get out of the euro of the euro zone area and therefore some people feel that the country has really been put in a position where it has no choice but to accept everything that has be handed down by brussels by e.u. leaders by the meetings that they have here as far as the people are concerned again they really see t
bank deposit tax be imposed now this could amount to up to nine point nine percent of those who have more than one hundred thousand euros in the bank good for many people there it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this...
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as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very difficult position because it's rejected the proposal by the european union and the troika to tax private bank accounts and now frankly there are not many places for cyprus to turn for help and actually one of these places is russia and the site bid finance minister has been in the russian capital the entire day he's met with his russian counterpart and would be the first the deputy prime minister there is speculation that cyprus is asking russia for a loan so far the finance minister said that you are satisfied with the negotiations but no official offer has been made so far although he himself said h
as you've just heard seems of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have saved millions of account holders lose up to a tenth of the savings of being condemned by officials and the public alike but the country now of course finds itself on the brink of bankruptcy and having rejected the terms it may have to turn to russia for assistance can off has more. right now cyprus is in a very...
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threaten to cut cyprus off from emergency funds that the island nation rejected an unprecedented brussels tax on bank deposits. is the parliament for us now. emotions are really running high i saw several people who were hysterical the police were handing somewhat bottles of water to them because they really really were very angry at the chanting that they're saying they're saying leave the bank alone now that's one of the two biggest bands of cyprus that is in trouble at the center of this whole of financial crisis here in cyprus and they are staff members and family members of the leaky bank staff and there are afraid that the government may decide to close down the back altogether or resort to job cuts were different figures coming out but for now they're just worried about the possibility of being there telling the government do not at all do this already cyprus is seeing a huge liquidity crunch a cash problems cash flow problems here we know that the european central bank has given an ultimatum to the country that they will only provide funding to cyprus until monday the twenty fifth the
threaten to cut cyprus off from emergency funds that the island nation rejected an unprecedented brussels tax on bank deposits. is the parliament for us now. emotions are really running high i saw several people who were hysterical the police were handing somewhat bottles of water to them because they really really were very angry at the chanting that they're saying they're saying leave the bank alone now that's one of the two biggest bands of cyprus that is in trouble at the center of this...
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life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to close the growing gap between the country's middle east policies. and an iraqi terrorist group with links to al qaeda claims responsibility for bombings that killed dozens in baghdad further unsettle the country ten years on from the u.s. led invasion. all over again even she if you're just joining us my name is kevin and this is art international live from moscow our top story that you just heard scenes of relief from celebration greeted the cyprus parliament's rejection of a tax on bank deposits the one off levy linked to an e.u. bailout deal would have seen millions of account holders lose up to a t
life the art scene you center at night cypress says no to any bailout that would have meant to harsh tax old savers and pins its soap instead of striking a deal with russia we'll bring you up to speed on the latest. russian the un human rights officials sound the alarm over the treatment of prisoners at guantanamo bay as u.s. military officials try to downplay mass hunger strike at the detention center. barack obama arrives in israel for the first time as u.s. president but may struggle to...
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chancellor delivered his twenty thirteen budget to parliament despite three years of spending cuts and tax highs the country is still on the brink of a triple dip recession richard wellings of from the institute of economic affairs a says of the chancellor is suffocating the economy with his strategy. other people are pretty pessimistic about their long term outlook they don't think there's going to be this two or three percent growth that the government predicts in a couple of years' time obviously the big question mark is over what happens in the eurozone which accounts for around forty percent of u.k. exports and if they are just goes from crisis to crisis as we've seen recently in cyprus that's going to really have a very good name effect on growth you know u.k. so it's completely unpredictable this huge uncertainty in this context a cautious chance that would have actually made some greater spending actually put the public promises on a more prudent for turning to what we didn't see was a massive program of t.v. regulation and this is really the way for him to get out of his current f
chancellor delivered his twenty thirteen budget to parliament despite three years of spending cuts and tax highs the country is still on the brink of a triple dip recession richard wellings of from the institute of economic affairs a says of the chancellor is suffocating the economy with his strategy. other people are pretty pessimistic about their long term outlook they don't think there's going to be this two or three percent growth that the government predicts in a couple of years' time...
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knew cyprus would reject the bank tax why would they push for a tax that had no chance of being accepted all postes. that is what i cannot answer to you because i can assume it was it was the mentality of troika. come again and again in every country in which they try this policies with these unfair and unfeeling. and the problems question when are they going to stall and it seems so we suggest that we. go for for another direction we have today suggested a good thing to do east. look. at mosco and maybe accept the invitation and even get a communication from president putin so that the president of the republic of cyprus accompanied by the main party leaders visit in the next us and to try and find a better program there we are more cultured and can be safe and more reliable . thing to do done keep keep negotiating we trade which had showed us nine months now that every day the negotiation coming in going back and back and forth but on which show does not we cannot accept them to be reliable and they show does that they have no no when in which they are truly. as we saw with greece for
knew cyprus would reject the bank tax why would they push for a tax that had no chance of being accepted all postes. that is what i cannot answer to you because i can assume it was it was the mentality of troika. come again and again in every country in which they try this policies with these unfair and unfeeling. and the problems question when are they going to stall and it seems so we suggest that we. go for for another direction we have today suggested a good thing to do east. look. at mosco...
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billion euros which is pretty much the same amount he would have collected if be introduced to this tax for private bank accounts in the meantime time for the country is running out the cypriot banking system is still shut down and the country's president has said that the crisis must be resolved before the end of the day. well the european central bank says it will have to cut cypresses funding unless the island state gets a bailout saying robert always chairman of the bruges group which is in the focus think tank police the e.u.'s pressure on cyprus exposes a worrying hierarchy within the block. it seems that certain countries such as germany are we pushing their own agenda and those countries are to small and can't really stand up to the larger interests in the your opinion the large financial interests of french and german banks are really pushed around and are and are bullied and do not get a good deal and this is very dark from the e.u. to try and take a percentage of the savings of the. banks which is actually we could argue that's actually breaching e.u. rules on protection taki
billion euros which is pretty much the same amount he would have collected if be introduced to this tax for private bank accounts in the meantime time for the country is running out the cypriot banking system is still shut down and the country's president has said that the crisis must be resolved before the end of the day. well the european central bank says it will have to cut cypresses funding unless the island state gets a bailout saying robert always chairman of the bruges group which is in...
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Mar 18, 2013
03/13
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endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't incollusive. we were behind in both data and digital. our primary and debate process needed improvement. >> young voters are increasingly rolling their eyes at what the party represents. >> and many minorities think that republicans don't like them. or don't want them in our country. >> if hispanics think we don't want them, here they will close their ears for policies. >> bret: besides all that, everything is fine in the g.o.p. today, a report out from the head of the g.o.p., the chairman. reince priebus, who said focus group called the party narrow
endorsing consumption tax? is that what i'm hearing? >> you heard the doctor endorse that. >> taxing russians only. [ laughter ] >> bret: next up, the g.o.p. extreme makeover. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ ♪ >>> our message was weak. our ground game was insufficient. we weren't...
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you know to release the taxes that the israelis are holding on the palestinians. there will be no circumvent freeze so that's that's a major stumbling block. i don't think that there will be too much out of this whole visit for the palestinians thank you very much a very good graham and activist to any gods are they talking to us live. right now if you want to express or to express your opinion on the stories that we cover here on our t.v. you can of course go to r.t. dot com. we actually want you to take part in a poll were asking you want to use see obama's real intentions of coming to israel now he's up twenty three percent of you think the way to keep israel from attacking iran that's the reason why he was there sixty five percent of you says it was a pyrrhic stunt that will achieve nothing while percent of you say paying lip service only to palestine while four percent of you they think that attempting to resume the peace talks now of course or you can pass a your voice on r.t. dot com do you go there we want to know what you think of blood this subject the f
you know to release the taxes that the israelis are holding on the palestinians. there will be no circumvent freeze so that's that's a major stumbling block. i don't think that there will be too much out of this whole visit for the palestinians thank you very much a very good graham and activist to any gods are they talking to us live. right now if you want to express or to express your opinion on the stories that we cover here on our t.v. you can of course go to r.t. dot com. we actually want...
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Mar 20, 2013
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you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal. >> thank you. >> bill: they wanted this money to build their terms and to live a crazy lifestyle. but it was philosophically the same kind of government intrusion that we the people of america have no right to private property. and that's what castro does. chavez does. and that's where these congressional caucus people are headed. >> do you read the fox news version of the bible? come on, man. jesus turned over tables in the temple. he was worried about profit making. excessive wealth gathering. >> bill: i will deal with that hill, you know what you? are not accurate in what you just said. i'm not going t
you don't know and you shouldn't know because it was about taxes. >> of course it was about taxes. unregulated capitalism. >> bill: unbelievable the correlations between what was happening in galilee and what the romans were doing to the jews back when jesus was walking around and what's happening now. i'm just going to give you a heads up. that this is coming. and the taxation was so onerous on the folks. for a totally different reason, i will concede. that the romans were venal....
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rejected the bailout plan proposed by brussels and mostly the so-called droid of investors which included taxing private bank accounts the country is still on the verge of bankruptcy there is unconfirmed speculation that the cypriot calment is a looking at an alternative plan to get out get out of the crisis which may even allegedly include getting out of the eurozone altogether but time is running out for the country and its president said that a decision must be made before the end off the day and for more on all this i'm now joined by the editor in chief of the business new europe magazine ben eris mr ayres thank you very much for joining me and well about this latest speculation it's really unconfirmed reports but theoretically how possible is it for cyprus to actually get out of the euro zone and what consequences may this. could happen i mean. being pushed into a corner being told to come up with five point eight billion dollars and they have got it and they hear it must go negotiate with the russians trying to raise the money but then if the russians say no then they simply haven't got th
rejected the bailout plan proposed by brussels and mostly the so-called droid of investors which included taxing private bank accounts the country is still on the verge of bankruptcy there is unconfirmed speculation that the cypriot calment is a looking at an alternative plan to get out get out of the crisis which may even allegedly include getting out of the eurozone altogether but time is running out for the country and its president said that a decision must be made before the end off the...
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leaders in cyprus are rushing to fight off bankruptcy after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super bowl sellout. . >>> a teen gets life in prison without parole. tj lane showed no remorse and he wore that t-shirt with the word killer on it. he taunted the victim's families and smirked at them when they asked for the maximum sentence. tj lane did not qualify for the death penalty because he was under the age of 18 during the shootings. >>> die and fine -- dianne finestein said the senate debate will begin next month and said the issue of gun control is a personal issue for her. as you know she became mayor of san francisco after harvey milk was assassinated in 1978. >>> sugary milk can kill you. they have linked obesity death
leaders in cyprus are rushing to fight off bankruptcy after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super...
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Mar 20, 2013
03/13
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leaders in cyprus are rushing to fight off bankruptcy after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super bowl sellout. . >>> a teen gets life in prison without parole. tj lane showed no remorse and he wore that t-shirt with the word killer on it. he taunted the victim's families and smirked at them when they asked for the maximum sentence. tj lane did not qualify for the death penalty because he was under the age of 18 during the shootings. >>> die and fine -- dianne finestein said the senate debate will begin next month and said the issue of gun control is a personal issue for her. as you know she became mayor of san francisco after harvey milk was assassinated in 1978. >>> sugary milk can kill you. they have linked obesity death
leaders in cyprus are rushing to fight off bankruptcy after contributing to the bailout package by taxing people's bank accounts. now bank. >>> are closed at least -- now banks are closed and they will continue to give cyprus support and leaders are meeting to work out a new deal. >>> a teen accused of a shooting rampage has learned his fate. how he taunted the victim's families and we will have more on how long he will be behind bars. >>> critics say it is a super...
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. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to find a solution. the separate people are strong. we can take a lot. we have proven that before through many tough times. >> the cypriot government is still searching for any viable solution. even the country's archbishop has offered to help by digging into the pockets of the church. 17 billion euros is the son the island needs to keep afloat, approximately equivalent to the country's economic output, and it is more than the eu is willing to put up without a significant contribution from cyprus itself. >> for more, we can go now live to nicosia where our correspondent is monitoring events for us. after anchoring the russia
. >> cypress has long been a tax haven for russian companies who have billions of euros in separate banks, but many russians who live on the island are outraged at the proposed levy on their savings. >> this country has cheated us and stolen our money. yes, stolen. it was not their money. we brought it here. we did not earn it here. >> for now, a separate account holders are relieved that parliament shot down the proposal. >> it was time to take a stand. they are sure to...
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approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags of iraq. they killed at least 50 people and wounded more than 100. a series of bombs exploded in baghdad and several other cities. militants attack with car bombs. the iraq war began before dawn on march 20th, 2003, with u.s. air strikes on the capital. members. administration of former president bush argued that iraq possessed weapons of mass destruction, but u.s. forces failed to find evidence of sum weapons. 120,000 civilians are said to have died from the fighting or from terrorism. u.s. troops pulled out of the country in 2011. >>> the economy's recovering. iraq overtook iran last year to become the s
approve a levie levy -- the european union and other creditors asked cyprus to impose a bank deposit tax of up to 9.9%. in return the country would receive a bailout worth $10 billion or worth $13 billion. the cypriot issued -- the company's banks have been crippled by debt. cyprus is expected to start a fresh round of negotiations with creditors. but the two sides are unlikely to reach an agreement any time soon. >>> insurgents have sent a message on the 10th anniversary of the invags...
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40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived usefulness. literally 100 years, so the value of it has declined and declined and declined year-over-year. use the money that you saved to reduce marginal impact bracket which would be positive. melissa: the devil is in that last detail you mentioned, what we really use eliminating it to lower marginal rates or would it be another thing that is sucked out to pay higher taxes. let's talk about how their talk about doing it in with the best way to do it would be, it wouldn't be so destructive to the market. the deduction is up $2 million,
40% of all individuals tax returns. it is a hugely popular deduction for money i mayans of homeownery year. it could be changing in a big way which might have a big impact on the housing industry. he was more details what you need to kno is former fannie mae executive vice president institute fellow. welcome to the show. this is having a huge impact on housing industry, wouldn't it? >> of it were done right, and wouldn't have a huge impact, to be a beneficial. this deduction is outlived...
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hikes and jepd speaker john boehner said the house's answer to that is no. >> the president got his tax heights on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the two chambers have a way of talking about their differences, not with president obama but on each other. work on the contrasting house and senate plans continue this week. for "nightly business report" i'm john harwood on capital hill. >> i asked when we spoke recently but began by getting him to rate the u.s. economy on a scale of 1 to 10 with 10 being very strong. >> i think it's trying to be a 6 but the government, in generally, the government doing the wrong thing might be pulling it back to a 4. we're definitely off the bottom and economy is trying to recover. . are you concerned? i spoke with form early fed chairman alan greenspan. he said with respect to the sequestered, rising asset prices both in stocks and housing may in part overset the otherwise dill tear just effects of the federal spending cuts. are you in that camp at all? >> not especially. there's a littl
hikes and jepd speaker john boehner said the house's answer to that is no. >> the president got his tax heights on january 1st. the talk about raising revenue is over. it's time to deal with the spending problem. >> the two chambers have a way of talking about their differences, not with president obama but on each other. work on the contrasting house and senate plans continue this week. for "nightly business report" i'm john harwood on capital hill. >> i asked when...
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Mar 19, 2013
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the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy on deposits under 100,000 euro. the numbers we came up with are the base level. if there is any other way to achieve it, up to 100,000, we would not have the slightest problem. we would have to wait and see. >> given the angry reaction, there does appear to be rethinking going on behind the scenes. >> for more, we cross over live to cyprus to talk to nathan. it looks like the public backlash and international criticism are indeed forcing a rethink on this levy on bank deposits. how much room do they have? >> quite a bit of room as long as they can meet the ma
the there are forced to pay a one off tax of 6.75%. and is not just the terms of the bailout making people here angry. some people feel they are being lied to. >> none of the promises they're making are real. five days ago, they were saying there was no chance for a haircut. now there is this situation than they are promising somehow we will get it back. there is no chance. >> germany has been blamed for insisting on the levee. they say they are open to changes. it includes a levy...
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and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. they worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted to have one in the united states that was as large equivalent to our economy, we would need 45 more jpmorgans. that's how much bigger we would have to get to match the size that they've done here relative to the size of this place. >> thank you very much. >>> well, a big bipartisan vote at the capital, the senate overwhelmingly passed a massive stop-gap spending bill that will keep washington up and running through the end of september. it leaves federal spending cuts in place. but that could mean job furloughs for hundreds of thousands of federal w
and they did have lower corporate tax rates. so there are legitimate reasons to put your money here. but, also, previous governments than the current one, they wanted to be a international financial center. they worked very hard to attract capital from all over the world. it is the business model of this country. but it's not going to be very for long. they just can't do it anymore. >>> one statistic to leave you with. the banking system is so much larger here in cyprus, if we wanted...
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tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed following the quashing of his military prison sentence last year, does the prime minister agree with me that it would be totally against the public interest and against the sas regimen for him to have to face a fresh trial when others are benefiting from it rightly introduced by the state of defense as a result of the . >> my honorable friend raise answer important point. let me say how strongly i support those of the service. you get a opportunity meet them as prime minister. they are some of the bravest and finest people
tax at all. it's progress on the side of people who work hard and want to get on. >> what is the prime minister planning to spend his millionaire's tax on? [cheering and applause] >> honorable lady, when the top rate of tax put up, millionaires paid 7 million pounds less. that's incompetent and inefficient sei she left -- to support. >> the question is asked, when the prime minister is giving -- [inaudible] dr. julian lewis. give him the sas nighting gail had the qirks quashed...
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we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing industry has strengthened, home prices have gone up, that has brought some people into the credit box in the sense the number of people who are underwater in their mortgages is declining as house prices go up. so if people have bigger down payment, bigger equity in their homes, they become more creditworthy. i don't want to overstate it, but monetary policy by strengthening the housing market, helping support house prices is bringing more people into the mortgage market. >> peter barnes of fox business, sir. the stock market has been hitting all-time highs, it has recovered all of its losses from the f
we are concerned a variety of factors like concerns about the tax the banks may have, uncertainties about regulations which we are working on to get done as quickly as possible may have tightened the mortgage credit box more than would be desirable in the long run help the eeonomy. that has effect on my trade policy, one of the more powerful tools we have is in a state of home buying and related indust industry, so that is an issue we take into account. i would say one thing, as the housing...
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levied forbe a tax all deposits in cyprus banks. their russian the but the bailout deal in place before the banks reopen on tuesday. -- they are rushing to put the bailout in place. >> following news of the bailout news, lines formed at the atm try to avoid the levy. this affects everyone with a bank account. those with deposits on the island have to pay the levy between 6.75%-9.9%. program, wepecific found it justified in terms of burden sharing to also involved the depositors. in a levy difference but under $100,000. >> germany have long delayed it endorsing the bailout. now, chancellor angela merkel says she has decided. way, the people responsible for this situation are involved, not just taxpayers in other countries. i think it's good we have taken this step. it's a good step that made our approval for the aid of cyprus much easier. >> the cost of the aid package is now much lower than previously expected, only 10 billion euro. lawmakers in each eurozone country have to give a final stamp of approval. >> the newly elected pope
levied forbe a tax all deposits in cyprus banks. their russian the but the bailout deal in place before the banks reopen on tuesday. -- they are rushing to put the bailout in place. >> following news of the bailout news, lines formed at the atm try to avoid the levy. this affects everyone with a bank account. those with deposits on the island have to pay the levy between 6.75%-9.9%. program, wepecific found it justified in terms of burden sharing to also involved the depositors. in a levy...
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there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have you gotten any calls, are you expecting any? >> i'm not expecting any but i would not be surprised to see people talk more about this in next few days it is very late tonight anyway it looks like they will preserve the under $100 thousand mark and go after larger deposits, but the question, here in u.s., could it happen here? probably not. but the question is, ha hasn't t already happenith standpoint feds suppressing interest rates, that is the rate less than inflation, negative interest rate it has already happened here. gerri: let's go to xena for a second, a lot of people out there think thi
there would be a 3% tax for deposits under $100 thousand euros, and a 10% tax and 15% tax for amounts larger than 500,000 euros, country central bank declaring a holiday until thursday, when they vote on the plan, this is sparking investor fears at home, joining me now lance roberts, host of street talk live, and xena. partner and cfa, welcome all, great to have you here, lance, i'll start with you, i have to assume some wealthy individuals are having questions about safety of their money, have...